March 17 (Reuters) - Citigroup Inc and Barclays Plc are close to settling as early as this week a lawsuit with private investors who say the banks manipulated foreign-exchange rates, the Wall Street Journal said. The two banks are expected to pay as much as $800 million in settlement, the
Read moreCitigroup and Barclays will reportedly settle a lawsuit with private investors who say the banks manipulated foreign-exchange rates within the week. The Banks are expected to pay up to a combined $800m to settle the lawsuit, considerably larger payments than those made by JP Morgan and UBS who have
Read more(Corrects currency conversion in first paragraph, headline) LONDON, March 17 (Reuters) - Barclays' investment bank boss Tom King was awarded shares worth almost 5 million pounds ($7.4 million) as part of a 16.5 million pound share award to its top 11 executives on Tuesday. Chief Execu
Read moreThe US Justice Department is considering revoking years-old settlements to open fresh probes into banks alleged to have rigged interest rates. According to sources cited by Bloomberg, prosecutors could decide to scrape the agreements with each lenders, if they're found guilty of having committed cri
Read more-- Source link: (http://bloom.bg/1BtEMJV) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read more* Sberbank, Santander, BBVA set up $100 mln fintech funds * Banks step up investments, partnerships with tech start-ups * Digital age could see 30 pct of bank revenues "in play" * Digital could cut 25 pct of bank costs -McKinsey * Tech seen as chance for banks to improve s
Read more(Adds Skagen Funds, Stanhope Capital, Credit Agricole, American Century Investments) March 16 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email moves@thomsonreuters.com. BANK OF NEW YORK MELLON CORP
Read moreBy Paul Kilby NEW YORK, March 16 (IFR) - Just a month or so after leaving Barclays, Fadi Attia has been hired at Credit Agricole Corporate and Investment Bank as a director on its US syndicate desk. Attia will cover Latin America as well as US high-grade and high-yield transactions at
Read moreMarch 13 (Reuters) - The U.S. Justice Department is seeking about $1 billion each from global banks being investigated for manipulation of currency markets, Bloomberg reported on Friday, citing people familiar with the talks. The figure is a starting point in settlement discussions, with so
Read moreBy Helene Durand and Natalie Harrison LONDON/NEW YORK, March 13 (IFR) - A wave of Yankee issuance crashed on to the shores of the US market this week as an attractive cross-currency basis swap and increased demand from investors for higher yielding debt lured foreign borrowers back to the m
Read more(Adds CEO comments, financing details) By Euan Rocha TORONTO, March 12 (Reuters) - Aequitas Innovations Inc said on Thursday it has completed a "significantly oversubscribed" round of funding, raising about C$30 million ($23.6 million) and broadening its shareholder base ahead of the
Read more(Adds Payment Systems Regulator comment) By Huw Jones LONDON, March 12 (Reuters) - Allowing customers to take their bank account number with them would encourage more Britons to switch lenders, Britain's financial regulator said on Thursday. Such flexibility has long been a feat
Read moreLONDON, March 12 (Reuters) - Britain's banks and other lenders have paid out 18 billion pounds ($27 billion) to compensate borrowers mis-sold payment protection insurance (PPI), after paying out 339 million pounds in December, the financial regulator said. The bill for December was an incre
Read moreTORONTO, March 12 (Reuters) - Aequitas Innovations Inc said on Thursday it has completed a new round of capital raising ahead of the launch of its new stock exchange , which is set to begin operations this month. The Toronto-based firm said indications of interest from both founding shareho
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